Steadfast Advisors Lp Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Steadfast Advisors Lp reduced its stake in NextEra Energy Inc by 59.68% during the most recent quarter end. The investment management company now holds a total of 25,142 shares of NextEra Energy Inc which is valued at $3,187,754 after selling 37,221 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NextEra Energy Inc makes up approximately 2.03% of Steadfast Advisors Lp’s portfolio.

Other Hedge Funds, Including , Usca Ria boosted its stake in NEE in the latest quarter, The investment management firm added 11,974 additional shares and now holds a total of 13,726 shares of NextEra Energy Inc which is valued at $1,740,320. NextEra Energy Inc makes up approx 0.28% of Usca Ria’s portfolio.Fil Ltd boosted its stake in NEE in the latest quarter, The investment management firm added 177,519 additional shares and now holds a total of 225,040 shares of NextEra Energy Inc which is valued at $28,532,822. NextEra Energy Inc makes up approx 0.09% of Fil Ltd’s portfolio.Eads Heald Investment Counsel reduced its stake in NEE by selling 497 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 10,819 shares of NEE which is valued at $1,387,970. NextEra Energy Inc makes up approx 0.94% of Eads Heald Investment Counsel’s portfolio.Trust Co Of Toledo Na Oh boosted its stake in NEE in the latest quarter, The investment management firm added 479 additional shares and now holds a total of 22,690 shares of NextEra Energy Inc which is valued at $2,885,487. NextEra Energy Inc makes up approx 0.82% of Trust Co Of Toledo Na Oh’s portfolio.

NextEra Energy Inc opened for trading at $120.75 and hit $121.24 on the upside on Thursday, eventually ending the session at $121, with a gain of 0.05% or 0.06 points. The heightened volatility saw the trading volume jump to 20,82,172 shares. Company has a market cap of $55,901 M.

On the company’s financial health, NextEra Energy Inc reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.57. The company had revenue of $3817.00 million for the quarter, compared to analysts expectations of $4346.45 million. The company’s revenue was down -12.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Many Wall Street Analysts have commented on NextEra Energy Inc. Shares were Reiterated by Deutsche Bank on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 133 from a previous price target of $134 .Company shares were Reiterated by Mizuho on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 138 from a previous price target of $125 .

NextEra Energy Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation transmission distribution and sale of electric energy in Florida. NEER owns develops constructs manages and operates electric generating facilities in wholesale energy markets primarily in the United States as well as in Canada and Spain. Corporate and Other segment represents other business activities primarily NextEra Energy Transmission LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission LLC a transmission service provider in Texas and New Hampshire Transmission LLC a transmission owner in ISO New England.

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